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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The Company’s income tax provision is consisted of the following for the years ended December 31, 2021, 2020 and 2019:
Details |  | 2021 |  |  | 2020 |  |  | 2019 |
Current tax expense: |  |  |  |  |  |  |  |  |
Foreign |  | $ | 13,504 |  |  | $ | 2,232 |  |  | $ | 1,013 |
Deferred tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Local |  |  | 2,518 |  |  |  | 8,481 |  |  |  | 7,098 |
Foreign |  |  | (14,998 | ) |  |  | (5,314 | ) |  |  | (5,163 | )
Income tax expense: |  | $ | 1,024 |  |  | $ | 5,399 |  |  | $ | 2,948 |
Schedule of Profit (Loss) Before Taxes |
Details |  | 2021 |  |  | 2020 |  |  | 2019 |
Profit (loss) before taxes: |  |  |  |  |  |  |  |  |
Domestic |  | $ | 166,273 |  |  | $ | 100,145 |  |  | $ | 103,432 |
Foreign |  |  | (11,174 | ) |  |  | (11,457 | ) |  |  | (12,411 | )
Total profit before taxes |  | $ | 155,099 |  |  | $ | 88,688 |  |  | $ | 91,021 |
Schedule of Deferred Tax Asset/Liability | C. Components of Deferred Tax Asset/Liability The following is a summary of the components of the deferred tax assets and liabilities reflected in the balance sheets as of the respective dates (*), as of December 31, 2021 and 2020:
Details |  | 2021 |  |  | 2020 |
Deferred tax asset and liability - long-term: |  |  |  |  |  |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforward |  | $ | 77,586 |  |  | $ | 72,658 |
Employees benefits and compensation |  |  | 5,366 |  |  |  | 6,813 |
Accruals and reserves |  |  | 7,863 |  |  |  | 3,312 |
Research and development |  |  | 20,633 |  |  |  | 18,179 |
Others |  |  | 3,737 |  |  |  | 3,453 |
|  |  | 115,185 |  |  |  | 104,415 |
Valuation allowance, see Note 19F below |  |  | (11,644 | ) |  |  | (10,745 | )
Deferred tax assets |  | $ | 103,541 |  |  | $ | 93,670 |
Deferred tax liabilities - long-term: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | (72,678 | ) |  | $ | (76,136 | )
Others |  |  | (1,114 | ) |  |  | (1,018 | )
Deferred tax liabilities |  | $ | (73,792 | ) |  | $ | (77,154 | )
Presented in long term deferred tax assets |  | $ | 53,526 |  |  | $ | 57,802 |
Presented in long term deferred tax liabilities |  | $ | (23,777 | ) |  | $ | (41,286 | )
(*) Deferred tax assets and liabilities relating to Tower for the years 2021 and 2020 are computed based on the Israeli Preferred Enterprise tax rate of 7.5%.
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Details |  | Unrecognized tax benefits |
Balance as of January 1, 2021 |  | $ | 15,314 |
Additions for tax positions of current year |  |  | 624 |
Reduction due to statute of limitation of prior years |  |  | (8,175 | )
Balance as of December 31, 2021 |  | $ | 7,763 |
Details |  | Unrecognized tax benefits |
Balance as of January 1, 2020 |  | $ | 15,113 |
Additions for tax positions of current year |  |  | 624 |
Reduction due to statute of limitation of prior years |  |  | (423 | )
Balance as of December 31, 2020 |  | $ | 15,314 |
Details |  | Unrecognized tax benefits |
Balance as of January 1, 2019 |  | $ | 14,783 |
Additions for tax positions of current year |  |  | 778 |
Reduction due to statute of limitation of prior years |  |  | (448 | )
Balance as of December 31, 2019 |  | $ | 15,113 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2021, 2020 and 2019:
Details |  | 2021 |  |  | 2020 |  |  | 2019 |
Tax expense computed at statutory rates, see (*) below |  | $ | 35,673 |  |  | $ | 20,398 |  |  | $ | 20,935 |
Effect of different tax rates in different jurisdictions and Preferred Enterprise Benefit |  |  | (24,683 | ) |  |  | (15,046 | ) |  |  | (16,396 | )
Change in valuation allowance, see Note 19F below |  |  | 899 |  |  |  | 3,479 |  |  |  | 1,432 |
Permanent differences and other, net |  |  | (10,865 | ) |  |  | (3,432 | ) |  |  | (3,023 | )
Income tax expense |  | $ | 1,024 |  |  | $ | 5,399 |  |  | $ | 2,948 |
(*) The tax expense was computed based on regular Israeli corporate tax rate of 23%.

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